HomeMy WebLinkAbout0415 : nd a~id Mwtpapo~s, for tMmadvN and ?h~ir Mirs. Ip~i r~pns~natiw~, ~ara and ~a~lp+a, her~y iotntir snd s~vMdip cov~a?~nt ar+d prM
to ~nd witF? t!r wKi :.S~RTGAGEE, its wccasaon ~nd ~Nipm:
1. To pay dl ~r~d ~inpular tM pincip~l ~nd inq?~st and tM varinus and ~undry tiunw of man~y p~Y~bb by virtw of ~aid p~oTiway ew1~. ~nd 1t~
morty~. Nth ard wrry, p+'+ow+~My w? the days r~tp~ttiwly tM ~ame ~w+rafly brcome dw.
2. To p~r ~11 ~nd sh~pul~r tM t~x~a, ases~mMN, lavie4 IlaWihiu, o6lipNfon~ ~nd ~ncwnb~ai~o~a oi ~wrY niA+?~ ~nd kind noM? o^ Nid dNO?ib~d
P~oWnY. or th~t Mr~afta may b~ impwKi, wfferad, atand. Iw1~d w~wn~d thN~o~?. o~ 1Mt Iw~afNr n~r b~ Iwi~d or aw~wd ~iPa+ thM Albr~?'
p~, a 1M ir~bt~dn~a »cund her~y. ~ac1~ a+d ~wry, wh~n dw Md pay~bls. ~ccordinp b taw. 6~fon they b~eon~ ddkx~wrd. and b~ton ~y Nr1~r+~st
~itache~ w any p~n~hy ia incurred; ANO INSOFAR AS ANY TNEREOF IS OF RECORO TNE SMAE SMAII 6E PitOMPTl1f SAl'15FiE0 ANO QISCHARGED OF
RECORO ANO THE ORIGINAI OfFiCiAI DOCUMENT (Sl/CH A5, fOR IlVSTANCE, THF TAX RKEIPT OR ?HE SATISFACTION ?/1PER OFFICIALLY ENDORSED _
OR CERTIFIED) SF1All sE VIACED IN THE MANDS Of SAID 11AORTGAGfE WITHIN TEN DAYS NEXT AFTER PAYMENT, u~d i~ fM ~ve~t tMt ~ny tMrwf i~ not
pa~d, sat~afi~d ~nd diuhpy~d iaid MORTGAGEE rn~y N any ~ime pay tfi~ s~mr or sny p.~l the?~of witho~f w~ivinp w afhctinp ~hy aption, li~n, pvity w
•ipht ~nd~r a by virw of this martq~y~ ~nd tM full amount af ~ach ~nd evNy such poynw~t shall b~ imn?~di~ttly dw an+d piy~bN and ~MII Ma~ i„hrM~
~+om tM dat~ therwf until paid at rate of ~ipM p~r c~nfvm p~~ ~rmum ard topetMr with ~xh intK~tt sh~ll be ~cur~d by tM li~n of th:s mwptp~.
i. To plw nd aonNnuoudy kMp on th~ butldM~p~ new or h~rwfhr Nfwh ion wld land ane! on ~II ~quipn++^f +^d p~nen~lhr aownd bY t~ na?~
,a~, wi11~ ~i) prrmiwrr 1M~ia? p~id fa iulb ~n kauraia 1n tM u~wl ~t~nd~rd PolicY fam. In • wm +PP?oMd by th~ MORTGJIGEE. and wM+dstorm
inM~?~ 1n th~ wwl stand~rd policy fan4 in ~ swn rpprovrd bY IM Ml7RTGAGEE, in wd? eompanY 0t oon+W^iM as fhs A101CTGAGEE n»r
dkKt~ am! ~11 fk~ ~nd wind~rorm k~urano~ polkiM on ~nr of said Fiuildinp~, ~ny innrat tFrnlo w pKt tM~wf, in tM yprpat~ wm ~foraaid or
M~swM tlMnot. ~lnll oontaM tM wwl st~rd mortpapu clw+M or wd? wMr d.u» M th~ AAortpapN n+ay rpuir~, makk~p tM loas und« ~aid po1E
cM~. ~~d1 w+fi~r~rY. WY~bb to s~id MORTGACsEE a ib i„tNMt may ~ppN~. ~nd ~~eh ~nd ~very such polity ~MII be prornptiy a~s.qrnd N?d dtliwr~d to
anr Mid by pid MORTGAGEE a fvrtMir ~ecvrity to uid ma+ya~ d~bt, ~r?d, nof I~w fMn hn (10) tbys in ~dvanc~ of tM axpi~~tion af wd+ policy. to dr
liwr ro~sfd MORTGAGEE • rsn~wal th~r~of, ta~p~th~r with • r~cvipt for tM pnmiwn of wch r~newd; ~~d M»r~ shsll b~ no fu~ o? wind~twm inwranc~
piapd on ~ny of ~aid brildirp~, any G+t~r~at tMr~in a p~rt ti~wf, u~l~~s {n 1M form ~nd with tM lass payab{~ a~for~said; and i~ tM ~wnt ~ny wm
of ~y b~ooir~ p~y~bl~ und~r weh polky w policie~ wid MORTGAGEE shall Mw ttw opY~on to r~uiw ~nd appfy tM s~rr?~ on account of the f~+d~bt~d
~ra ~cvrrd ha~by p to pNrnit ~aid MORTGAGQRS to nuiw and uu~ It a any pan therwf ftx otMr purpo~aei, wifhout theraby w~ivinq or impair
inp ~ny ~qutty, li~n or ripht ~d~~ or bp vlrtv~ of this matp+get +~d ie~ tM ~wr+t s+id MORTGAGORS ~iwll fa ~~y r~a~on f~Il to keap th~ ~+id pr~miws w
kp~?~d, w fa{I to d~liwr p~anptly ~ny of ~aid polkla of {~unnw fo uld NIORTGAGEE, w f~i! promptiy to p~y fully ~e?y pr~mi~m tMr~for or M~ny
nap~ct f~il b pNfwm, di~df~rpe, ~x~tvte, sff~cr, eanplete, comply wirh and ~bfd~ by thi~ cov~nant, or any pan Mnof, uid MORTGAGEE may place and
p~Y for such kwwanc~ w+w~y p~rt thMwf without w~ivtny or aff~ctinp ~ny aption, li~n. puity, w riqht unde~ a by virtu~ of thi~ Mohp~. ~nd the
fult a~no~nt of ~ath a+d w~ry suth p~ym~nt shsll b~ imm~diately dw and Rar~bl~ ~rid ~F~alt ben 1~mst hom tM dat~ thsrwf unti! paid at tM nh of
nler~ p~r untvm per snnum ~nd toQ~tF~ wlth suth i~t~rat :hall b~ ~ecurod by tM H~n of th:s mortpp~.
4. To p~rmM, aornmk ar wfhr no wash, Impafrm~nt a dQ»rJw~tbn of wtd prop~rty w eny parl tMrsof.
S. To p~y dl ~e~d ~inpvlir tt~e to~ts, charq~s ~nd ~xp~nNS, includirq a n+~onabl~ ~ttorn~y's fw ~nd own of ~b~t?+ct~ of tltl~. Mnturnd w prid ~i
ary tims bp Mld MORTGAGEE, b~c~we a in tht ~wM of the f~ilun o~ th~ ~wH of tM s~id MORYGAGOR to d~ly, promptly and fullr p~rform, di~charpw
~x~cut~. ~ff~ct, compl~ta, oomply with snd ~bid~ by ~~th ~nd ~wry tM ~tipvlatiora, aqrs~+?~nn, condiHons, ~nd covenants of wid promluwy no1~ ~nd thb
mortqep~ any or ~ith~r, ~nd a~id cosb, char9N ~nd ~xpens~s, wth ~nd ~wry, ~hall b~ imm~diat~ly du~ and piy~bl~j whtthsr a not ther~ b~ t?Wiq dr
n+~nd, a»~mpt to cal{ect or wN pl~ndinq; snd t1w~ tull •mou~r of ~ach ~nd way wch p~ym~nt ~MII brr. intsr~~~ from tM d~» th~rwf ~ntil p~id ~t tht
rate of nin~ per centum px ~nn~m; and all iaid cosri, charpes and expena~a incvrr~d w p~id, topfthK with such int~r~aL shall b~ Ncurtd by tM li~n of thu
^?ortp~~W
6. That W In tM ~wnt of any kx~acfi of this Mortqp~ w dafault on ttr p~rt af th~ MORTGAGOR, or (b) in tM ~wnt ~ny of said wme of rtwney
M?~ln nhrrrd to b~ not prompNy snd fully p~+d within thirty (30) days next ~her tM arr» kwnlly b~com~ dw ~nd p~y~blt, without demand w notin,
or (c~ In fF~ ~wnt eacF~ ~nd ~v~ry tM stipul~tiom, ~ynat»nri, conditioRS ~nd covrrMnts of aicS promiswry note and this mortpaq~ any a titfwr ~n ncA
iuty, pr~txnptly artd fully p~rfum~tl. d~schar~ed, ~xecut~d. ~ff~ct~d, campl~t~d, compli~d with and sbided by, tMn in •itMr w+e+y ~ud+ ~wnt tF» a~id ap~
pr~yat~ wm m~ntior»d In s~id promiswry not~ then nmaininp unp~id, with int~rNt Kcrwd, sr+d all mor+~ys secured Mr~by, tMll b~tom~ dw and psy~
~bl~ forthwftfi, a fMr~ahK, ~t tM option of ~aid MORTGAGEE, u f~lly ~nd tompl~hly ~s if •II of tM s~id wrrn of monty vwn oriqinslly ~tipvlat~d
ro b~ patd on such day, ~nythinp in aid promi~wry not~ w in thts Mwtq~qe ro tM contrary notwitFut~nd~rp; u~d therwpon or thsn+Aa ~t th~ optio~ of
s~id MORTGAGEE, withoaA notiw or demand, wit ~t I~w w in p~ity, ther~fwe w tF~Hfter bpvn, rtwy be prwecut~d p if dl moe~y~ secund Mr~by
h~d m~tur~d prrot to iri lmtitution.
7. TMt in fM w~nt that ~t tM b~yfnninp of ot af any tim~ p~ndlr?p any wH upon thb AAortq+pe, or 1o fw~tlw~ k, or to reform if, or fo tnforp
p~ym~nt o~ any cl~Ims hsrwnd~r, said MORTt'sAGEE ih~l! ~pply to the Court harlnp ivrisditrion ther~ef for tM ~ppointmtnt of a Receiv~r, wch CouM shall
forthwith appoim • roc~iwr of wid mort4~q~d property all ~nd sirg~iar, includir?q all ~nd sinyular tM income, p:ofi», fuuss ~nd rev~~w~ from what~vN
~ovrc~ d~rivtd, ~ad+ md w~ry of which, h beiny ~xpreuly und~r~tood. N henbY rnwtyap~d a if ~pecifically Nt fwth ar+d d~wibed in tia ynntlnp u~d
h+b+rrd~m cl~wrs hN'wf, e~nd such Realwr shall Mv~ all t}w bro~ ~nd ~ff~criw functior» and powrn in anywiw ~ntrust~a by ~ Covn to • R~iwr. ~rn!
wth ~ppointmsnt ~hall b~ made by wch Court as ~n ~dmitt~d puity ~nd • nrttK of ~bwlut~ ri~M ro said MOR7GAGfE, ~nd without nhrena to t1w
sd~quacy or Icudequ~ey of tM wlw of th~ property mortpp~d or to the solwncy ar inwlwncy of s~M MOftTGAGOR a tM def~nd~nn, u+d that wch
r~nb, profits, incarw, lseuea and rwenws shal! b~ appli~d by ~uch R~ceiv~r ~coordinp to tM li~n or ~puity of ~id MORTGAGEE ~nd tM practitt of such
Court.
8. To dwly, p~omptly and fully p~rform, dischar~t, ex~cv», eff~ct, complst~, comply with ~e+d abkM by each ~~d wary tM atipul~tiwa, pn~mtnt~,
eo~dltiwr ~etid oov~nt~ in said promiss«y note and this mortqsqs s~t forth.
9. That in 1M w+nt ~M owntnhip of sM mortpeq~dl prrmi~s, ee ~ny p~rt thtrtof, bttomet vnttd in ~ ptnon otF»r tha+ tM MOitTGAGOR. tM
MORTGAGEE, It~ wcc~swrs and suiqns, may, without nof'iu ro tM MORTGAOR, deal with such wtreuor or wcctsior in int~rasf with nf~rente to thi~
monp~p~ ~nd tM deb~ henby s~cursd in.the sartw manrnr a, with Mohypa without in a~y wsy vitiatin9 w dixh~ryinq tM Mqrt~y~oral' .llabi{ity hrrr
u~d~r o~ ~pon th~ d~bt Mr~by ~cur~l. No NI~ of tM pnn+isn Ixr~by morty+y~d ~nd no forb~anrxe on tF+~ pan of 1M N1Cy[T~3}?Gfii Its•suEuuon
w aui~m ~~wd rw ~xhnsion of ths tim~ fw th~ p~ymant oi tM d~bt hert6y ~cur~ed yiwn by tF+~ MOR7GAGEE or itr wcup~i~KSi~ sha~) op~?~t~
1o nf~w, d"ad+~pe, m~rdif~r cMrp~ or ~ffsct tM oriqin~l Itobility ot tht MORTGAGOR Mr~in, tiN+n in whol~ w fn pup•
10. h b sp~cifiuliy yra~d tMt tirra is of tM ~ne~ of this eomract ~nd tMt ra weiv~t of ~ny oblipatlon ber~?r~r w OrfhEob~lqa`tbn c~-
pw~d Mnby ~11 at ~ny tims tAereahK b~ h~ld to b~ • walva of tM Mm~ h~nof or of the inat?umtnt secured Mrby;- . j ,
p nq y p~ymenri of princ I~nd Inter~st raquired by tM promiswr note sKyr{?~ ~»r~~':tptir~t~0ovsn~iMt
11. In ~ddition to tM for oi monthl pa y ~ ~ " -
a?d aqr~es to p~y ro mortg+9e~ with ~~ch monthly p~ym~nt ~n ~dditionil wm ~ttimsted by mwtg~gee to b~ eqwl to 1/~2 ~ii !h~ tnlwtl ~ d~;fd1(bvr-
inpa ` - ' .
~ :
IR-All reat ProP+r?Y tr:ee I~vied or •ueued aqainst Nwr abov~ drscribed real ~t~te. ~ - . ; ~ ~ \ ~ ~ .ry
. ~
. t~. • f , p..ny~s'
b-Premiurm on fin ~nd windstum iruursnu a~ hsrein rpuiral to b~ urr'~d on th~ improwrm~nts ~ituate on tM • d~iPr(~,[ ~
C-Premlums on ~uct~ mortgay~ pwr~nty in~ur~nu ~~Ib- hom tirr» ro ti~ t3Km fit to arry on tiM biF~'~rr~ lwr~1."' ~
Mort9spN sh~ll f~om tim~ to tirrN notity r+wrtyspor=in writinp of tM amount due Md payabl~ htreunder ~nd ~uch stmr'?I~~~tU~}~ppi~`~ dw and
p~Y~bia on ths dw d~t~ of tM nrxt monthlY paYm~nt ~nd ~+eh suarasiw montt+ tMn+h~rr until mortyag~ thall notify morfqltqor ~rf a efiae~p~ in such
Mnovnt. Such wms ~hall k» ~pplad by mortq~qe~ tow~rd th~ paymem of r~d p~diperty t~x~s, Irnur~nc~ premiwro, ~nd mortqpi ywranty iraur~r?u
pr~m~wh~ ~ -h~
IN WlTNESS WNEREOF, t~id N10RTGAGOR h+a Mr~~ ~ b~l~ ..~.~y sr fint aforeseid.
bd ~rod d~l fM pr~c~ aft ~
~
~ '6S SEP 29 Pt~ IZ : Z
l~~t~~?'() ~--n
~ STATE Of FWi41DA f~ l: f I C~ fa C L~ R K'
~ St. Lucie ~ T, f~UCI~ COUN7Y~
e.to.. m. p~r.«+.tW +p~..nd H~TMr F Zt~~raenrrel 7~ a~in¢1e ~ ~31~_ x~cac
.~~t1:s;:Fl~
I~M ~Y ~ ~ W~fO ~XKUtOd t~ fOf~Q0~f1Q ~t1f?ftlltlfYlT. Rld K~cl?Ow~Q~ ~}Of~ Rf~ t~MT~I~ ~II~CNf~ tfM ~i11M fOf TFp pIKPOiN
dwmrw~ y~~~kR~`'+~ - -
~ ~ ~y A. 0. 19~
; ~b•, `7 l) rJ ~ C~
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Notary Publk M and fw t1+~ St /N/Lar~
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't~`~N~iy'.~: . .J ~fl !'~u.,, - ~ 4f ~i~,
CiNs~n3 Irvd~rd favin~ ~ Loar~ Apadallen ~y Comm• ~:e°.' ; i l': ~
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